HULUWA(SH:605199)2020-10-28 16:00Financial Performance - Operating revenue decreased by 6.39% to CNY 813,140,630.47 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders increased by 58.55% to CNY 75,074,690.02 for the first nine months compared to the same period last year[6] - Basic and diluted earnings per share increased by 53.85% to CNY 0.20[7] - Total operating revenue for Q3 2020 was ¥237,587,471.47, a decrease of 7.5% compared to ¥257,876,611.60 in Q3 2019[28] - Net profit for Q3 2020 reached ¥32,561,221.96, significantly up from ¥6,706,183.98 in Q3 2019, representing a growth of 385.5%[30] - The company's operating revenue for the first three quarters of 2020 was CNY 583,096,310.02, a decrease of 3.5% compared to CNY 603,226,319.22 in the same period of 2019[32] - The net profit for the third quarter of 2020 was CNY 38,654,589.85, representing an 88.6% increase from CNY 20,514,529.23 in the third quarter of 2019[33] - The total operating profit for the first three quarters of 2020 was CNY 123,383,526.34, up 41.0% from CNY 87,539,397.94 in the first three quarters of 2019[33] Assets and Liabilities - Total assets increased by 27.77% to CNY 1,388,305,776.37 compared to the end of the previous year[6] - Current assets totaled CNY 862,294,331.76, up from CNY 546,273,014.16 in the previous year, indicating a year-over-year increase of about 57.7%[20] - Total liabilities amounted to CNY 518,255,766.54, compared to CNY 442,670,657.06 in the previous year, showing an increase of about 17%[21] - Total liabilities increased to ¥281,338,651.97 in Q3 2020 from ¥192,401,744.81 in Q3 2019, marking a rise of 46.2%[26] - The total assets of the company reached ¥1,179,702,914.95 in Q3 2020, up from ¥834,440,739.40 in Q3 2019, indicating a growth of 41.3%[26] - The total liabilities as of Q3 2020 amounted to ¥442,670,657.06, remaining stable compared to the previous year[42] Cash Flow - Net cash flow from operating activities decreased by 99.48% to -CNY 175,087,499.26 for the first nine months compared to the same period last year[6] - The cash flow from operating activities for the first three quarters of 2020 was negative CNY 175,087,499.26, compared to negative CNY 87,769,797.35 in the same period of 2019[36] - The total cash inflow from operating activities for the first three quarters of 2020 was CNY 673,577,454.69, down from CNY 778,815,914.67 in the same period of 2019[36] - The net cash flow from operating activities for the first three quarters of 2020 was -¥201,797,395.05, worsening from -¥84,112,931.67 in the same period of 2019[38] - The company reported a cash inflow from financing activities of ¥343,119,000.00 in Q3 2020, with a net cash flow of ¥283,214,030.16 after outflows[39] Shareholder Information - The total number of shareholders reached 29,809[12] - The top shareholder, Hainan Huluwa Investment Development Co., Ltd., holds 41.76% of shares[12] - The company's equity attributable to shareholders rose to CNY 870,050,009.83 from CNY 643,935,667.58, representing an increase of approximately 35.2%[22] Government Support and Subsidies - The company received government subsidies amounting to CNY 32,516,597.88 during the reporting period[8] - The company reported a 614.41% increase in other income to RMB 32,516,597.88 from RMB 4,551,504.60, mainly due to increased government subsidies received during the first nine months of 2020[16] Operational Changes - The company has completed the construction of the warehouse in the Yao Valley plant, leading to a transfer of construction in progress to fixed assets[15] - The company is focusing on enhancing inventory management, resulting in a decrease in inventory impairment provisions[16] - The company has plans for market expansion and new product development, although specific figures and timelines were not disclosed in the report[20] Research and Development - Research and development expenses for Q3 2020 were ¥10,848,988.80, a decrease of 24.0% from ¥14,433,685.96 in Q3 2019[29] - Research and development expenses for the first three quarters of 2020 amounted to CNY 29,068,656.56, which is a 3.4% increase compared to CNY 28,110,910.81 in the same period of 2019[32]